Member Info for Gerry557

Coaster that both of us wrong then! http://beta.fool.co.uk/investing/2013/12/11/this-weeks-top-blue-chip-income-buy-standard-chartered-plc/ It also looks like the fool and I are also on the same lines maybe I should have waited an extra day although I have waited months to get in at this lower price good job the 1380 limit order expired. So that's wrong, wrong and lucky then.

I'm already caught and is that trap a value one? I'm still a sucker for a divi and its getting closer to 8%. I will have to cheer myself up with re-watching the Ghostbusters movie instead of the SP, after all isn't mandatory to watch it over Christmas.

Well your question has been answered. Loved the quote ''the gates to hell have opened'' It reminded me of the Ghostbusters movie and now I am expecting Stay Puft Marshmallow Man to come around the corner. I see it as more of a "the door is creaking open to a second batch buy" The fingers are off that ledge again, has it the strength to reach back on or is it going to drop. Sounds like that next ledge is not too far down.

This has been a very bad deal all-round for the shareholders. Fortunately I did not invest here but I had been put onto this and was watching closely with a view to buy. It was fudged from the start. A simple administration error was how it was being portrayed. Most of the board has gone, why not the other?. I suppose they were right in that no further cash was needed from investors ....... cos they sold them all down the river. One can only hope the debt company don't completely wipe out the remaining shareholders but I cant see any reason why they wont. The only good news is that I hold HSBC which now has a tiny bit less risky debt. I suspect the share price is going to race to the bottom. Not going to be the best Christmas present for SID holders. GLA

It looks like RSA has lost its grip on that 100p ledge. Was it both hands or just one, that could reach back. It still need to drag it body up though with or without this BoD!

There are loads of commentators discussing this very issue. I saw a survey that the number of people who think a Dec taper had doubled. The Fed gave some guidance but there are political and PR issues over in the states that have to be factored in too. I also wonder if such things as the Verizion deal with VOD and possible AT&T bid also get factored in as this aids them. Personally I would like it sooner, it means things are "really" improving as opposed being improved. It might cause a bit of a hick up in the markets like last time but I wonder how much is now already priced in. It cant go on forever but tapering is a reduction of the stimulus not quitting it altogether! I suspect its a close call but if pushed, would go for the new year as the politics are likely to overrule.

There are several more articles to "buy" and I wonder if they just want you to be trading something, anything hence tons of articles. This was the area I was looking at for batch 2 and it will have an impressive yield, if its maintained. As for breaching 100p this is just a psychological whole number. Wasn't the 30% drop more significant. Im sure others might have a different spin.

I suppose money in the bank is nice to have but is not really earning. The property buy, following the new management strategy has a net initial yield of 8.3%. It should help to close down that divi deficit too

http://beta.fool.co.uk/investing/2013/12/05/this-is-why-id-sell-rsa-insurance-group-plc-today/ A little light reading! Ive selected the research button but observation might have been better. I can think of a few more terms LSE could use in the dropdown

I'm not sure about reaching the bottom but you are right about sentiment being negative. So I have decided to add a few. I waited for yesterdays "called" drop which didn't appear. Maybe santa will come along soon ............... with a bag of tapering goodies! Then again if it was all good news ahead the SP wouldn't be down here but up in the 1700's

I do hope shares over react, as its often nice to get in on a low or sell when things get to toppy. That not to say a cheap share cannot get cheaper and vice versa. Shares prices dont represent the value of the company at all times, in fact I would say rarely . Often they hunt the value depending on sentiment and news etc. Why dont brokers have all the same prices? RSA is currently trading its wares day to day now. The PcW report will most likely affect its SP on the day. If its good news the SP will most likely rise as the "risk" is reduced but the value in RSA remains the same. Libero feels like this is a good price to enter but wants to wait for the outcome of the report. He might pay more for reduced risk or get the option to buy closer to the true value.

Article on HSBA sale mentioned that the SP was called being up1% today followed by a call of 2-3% drop on STAN on possibility of share sale

Being British, means the weather is something we talk about all the time. Caught the BBC news this afternoon and spotted a bit where they interviewed a chappy from RSA. He was in Boston, Lincolnshire where they have been flooded. There was no financial detail or estimate of costs just the usual "Contact your insurer as soon as possible. It was followed by the Environment Minister talking about the "unusual" storm being worse than 1953 (I might have that year wrong) and despite some of the defenses being breached, a lot more houses were saved. Hopefully this is all "within" RSA scope and scale and generally insurance companies can put up premiums if claims start to rise too much. As for Sable coats, one of my sayings (I have a few of them you know) is "There is no such thing as bad weather, just bad equipment!" One of the cycle rides I like to do is the C2C. Whitehaven to Tynemouth. You are supposed to dip your wheel in the sea at Whitehaven, which looked a tad rough on the news and might save a trip down that slipper pier as the sea was coming up to you instead. You repeat again at the end of the ride, which. towards the end runs through Newcastle on the banks of the river. This was also in the same news article as it was underwater. Im sure there will be a hardy few MBR's that will continue after swapping the badly equipped Sable coats for a mask and flippers. At least the wind was blowing the right way to assist the riders if not RSA!

No I am still holding my 1st batch of RSA . The 'sat on the sidelines' referred to not making a comment on the bb but just reading other's postings. Director buys and the SP staying more buoyant as the market falls are good omens. MaoWombat and I seem to be on the same road. This leads me back to my "plan for the worst, hope for the best" comment. 2reincarnated is certain it will fall. So I assume he is shorting or sold. I am open to be convinced but until then Im with Mao and the 7% divi until the management get a grip and good news comes back.

Been sat on the sidelines reading the posts over the last couple of days. I was thinking about the share price falling, quite a lot from here at just over a quid. What are the chances? I think 79p was mentioned. Well that about a 25% fall. looking at recent history there have been two recent large falls in Feb and Nov. The first on profit warning and divi cut and the second on Profit and accounting. I always consider a market correction of some 30%. I don't know when this will happen (it would be great if I could) of what will trigger the event (war, financial crisis et al) They tend to be unexpected, swift but do recover, so often are great buying opportunity's (Buffets blood on the streets) Now RSA cut the divi so they could reinvest into growth areas and increase the cover but it looking like they have gone back to square one on that somewhat. So will the divi be cut again? What will that do to the share price? Add to this some tapering fears and extra bad weather events, I can see a scenario that would take it down to these levels, maybe even lower. You don't have to believe in global warming but can see the weather extremes on the news regularly Im fairly new here have bought after the second drop hoping it was oversold and that the bad news wasn't all that bad. Ireland is only a small part of the equation, in fact some of the figures looked good. That 7% yield will add support, as long as it being paid and there is 100p psychological level although does it now work the other way if it does fall below it. On the upside management can get a grip on these issues and some good news should add to the share price. The question is are the management capable of this. There were a lot of calls to get rid. Time will tell. I'm holding and collecting the divis until this turns around but waiting to add if it falls ....... depending on the figures,the market or the unknown unknown at the time! Clear as mud then! Regards all

Is that dreaming of a white Christmas! Come on sing along, it might cheer you up whilst the shares fall ..... like snow flakes!!!

Dear all. As its now December, I though I would just wish you all a Happy Santa Rally. It starts today ............ although it looks like RSA needs to shake its bar humbugness!

Hi Mad, it looks like were on opposite sides of the coin. I can understand you selling to keep a profit but its all this bad news that has got me back interested. So I suppose there is someone in the middle who is currently out of pocket having bought in more recently. Assuming the divi is secure (and its less secure than it was) this will become a real bargain. If I was a holder I would be tempted to hold and ride it out unless you think it has become a value trap and the divi will be cut.

Hi luddite. No its not based on TA just being cheaper than when I was last interested and to add to a HYP portion. I see the gov are asking energy companies not to raise prices before the election. I think its trying to get some time to get ahead of the headlines and get something in place to ease bills longer term even if its changing green levies. I think it could turn back up any moment although once it falls to 7%+ I think there will be more support and news will have moved on. Borrowing is great when things are low but it will rise. Then again I suppose they can start using the cash to pay down debt and/or start a buyback to help the SP and the boards bonuses.

I looked at SSE for the divi a while back when the price was 1380. Then it raced away and kept going north of 1670. It has since fallen back below my initial price. Sentiment has been negative, price freeze concerns and increased borrowing to name a few. Its still paying a large and increasing dividend and generates loads of cash. Tempted to add for the divi but I think growth is very limited. Would fit in with a dogs strategy but how low can this go. Then again if everything was rosy it would still be back up in the 1600's. Another stock I sold has also come back down so its either or........ or keep waiting but its taken 8 months to get here.